Nelson Life are experts in Retirement Planning for Company Owners, Directors & Executives.
Our pension specialists are available to meet with you – at your workplace - to tailor a retirement plan based on the needs of your business as well as
your own specific circumstances.
An Executive Pension is established under trust and is designed to build up a fund to allow a company provide retirement benefits for a director and/or a key employee.
Some of the benefits of retirement planning through your company – see Nelson Life Executive Pension brochure here.
- Contributions made by the company to the plan can normally be fully offset against Corporation Tax
- No benefit in kind (BIK) implications
- Under current legislation, any growth earned by your pension fund is tax free
- Tax free cash at retirement, subject to Revenue limits
- Possibility of early retirement from age 50 – you will need to surrender shareholding and sever all links with the business
- The company can usually make much higher contributions to a pension plan than an individual in their own right – subject to Revenue maximum funding limits
- Employee contributions are tax deductible by up to 40%* of salary depending on age and subject to an earnings cap, currently €115,000
* It is important to note that tax relief is not/may not be automatically granted; you must apply to and satisfy Revenue requirements. Revenue terms and conditions apply.
We hope this document has given you some insight into the many things you need to think about before you retire.
Call 091 44 11 88 or email us office@nelsonlife.ie – today and take the next step towards financial independence.
